Question: critique: Multiple IRRs refers to a situation where a project s cash flow changes more than once creating ambiguity for a decision maker. Managers or

critique: Multiple IRRs refers to a situation where a projects cash flow changes more than once creating ambiguity for a decision maker. Managers or analyst might select a higher IRR in error not considering the projects overall value. In such cases, alternative methods as net present value (NPV) is used to assess the profitability of the project.

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